In this discussion, Joe Sternberg, a Wall Street Journal colleague based in London, and Mene Ukwe Barua, also from the editorial board, delve into Trump’s recent tariff threats aimed at the EU and Apple. They explore the feasibility of U.S. iPhone manufacturing amid potential 25% tariffs on imports from India. The conversation touches on the economic implications of these tariffs and the evolving dynamics of U.S.-China relations, while also unpacking the complexities surrounding Nippon Steel's acquisition of U.S. Steel under a shifting political landscape.